8. Is Inequality Bad?

Let’s be real: America’s economy is in the tank. You don’t have to be a rocket scientist (or economist) to figure that one out. Heck, you just have to set foot in a grocery store! But, dire as our situation is, it’s still not a recession… At least, not according to the “experts.” Never mind that our economy has experienced two straight quarters of negative economic growth. (Until about last week, this was the literal definition of a recession.) The thing is, recessions aren’t so good for politicians. Especially not in a big election year. So, rather than addressing the root causes of our horrible economy, our politicians are doing what they do best: changing the terms. That said, it’s no surprise that Biden’s Treasury Secretary Janet Yellen is now claiming we’re not in a recession: she says we’re just in a “period of transition in which growth is slowing.”